Saturday, 22 November 2014
Last updated 1 day ago
Sep 27 2010 | 3:12pm ET
A Brazilian Credit Suisse hedge fund manager is pushing to launch his own money management firm under the Swiss bank’s aegis.
Luis Stuhlberger is in talks with Credit Suisse to establish an independent fund management group within the firm, Valor Economico reports. Stuhlberger manages Credit Suisse’s Hedging-Griffo Fundo Verde, Brazil’s largest hedge fund with nearly US$6 billion in assets under management.
Stuhlberger reportedly wishes to be more vocal, without harming Credit Suisse’s image, according to the newspaper. His recent remarks on the country’s economic policies have caused concern at Credit Suisse, which has a large investment banking business in Brazil.
“There are talks about a new work arrangement with Credit Suisse, but nothing outside the bank,” Stuhlberger told Valor Economico. Stuhlberger’s non-compete agreement with the bank runs through 2015.
Credit Suisse currently owns half of Hedging-Griffo and is set to buy the rest at the end of next year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...